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Contractor payments

This query is : Resolved 
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(Querist)
07 March 2016 Dear Experts
Our Friends Company getting 1 Single Bill Around 70/ thousand & Making payments to contractor approx 25thousand ,25 thousand & 20 thousand in 3 dates without deduct any TDS.
Now My Question is he is getting 1 Single Bill Approx 70 Thousand, then he should deduct tds or not.
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Ankur Singhal

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Ankur Singhal (Expert)
07 March 2016 Dear
When TDS not deductible
Contract amount below specified limits
1.Amount of any single sum credited or paid doesn’t exceedRs. 30,000
2.Aggregate amount of such sums credited or paid doesn’t exceed and doesn’t likely to exceeds Rs.75,000 in a year.
Since in your case the credit in account exceeds rs 30000/- hence TDs is to be deducted.
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